Corporate & Commercial

Alexandra Hitt Alexandra Hitt AttorneyDirect Dial: [email protected] Alexandra (Ali) Hitt is a business attorney who represents individuals and businesses in a wide range of corporate transactional matters, including business entity formation, real estate transactions, and employment-related issues. The employment area of her practice focuses on employee handbooks and leave policies. Ali joined the firm in […]
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Arizona’s mimimum wage effective January 1, 2026 will be $15.15 an hour. This adjustment reflects the rise in the Consumer Price Index from August 2024 to August 2025. Some cities including Flagstaff have even higher minimum wage.

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The Arizona Corporation Commission (ACC) has announced major changes to its business filing procedures aimed at preventing fraud and safeguarding business owners from unauthorized filings. On May 8, 2025, the Commission unanimously approved four new policies that will affect how Arizona limited liability companies (LLCs), PLLCs and corporations file and manage their records with the ACC.
These updates are part of a broader effort to protect the integrity of Arizona’s business environment while still making it easier for entrepreneurs and business owners to stay in compliance. Here’s a breakdown of the new policies and what they mean for your business.


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Thevni T. Lelwala Thevni T. Lelwala Attorney Direct Dial: 612.455.6218 [email protected] Thevni T. Lelwala is a business and litigation attorney at Trepanier MacGillis & Battina P.A., where she represents individuals and businesses in a wide range of corporate, commercial, and civil matters. She joined the firm after earning her J.D. from the University of St. […]
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The Arizona Corporation Commission (ACC) has announced major changes to its business filing procedures aimed at preventing fraud and safeguarding business owners from unauthorized filings. On May 8, 2025, the Commission unanimously approved four new policies that will affect how Arizona limited liability companies (LLCs) and corporations file and manage their records with the ACC.
These updates are part of a broader effort to protect the integrity of Arizona’s business environment while still making it easier for entrepreneurs and business owners to stay in compliance. Here’s a breakdown of the new policies and what they mean for your business.

Policy


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My client who went to Bank of America to open a bank account for his LLC owned by his revocable living trust that he signed digitally sent me an email that said:

“I just went to Bank of America and they refused to open my bank account because [the trust was] not notarized. I showed them the statute from your help document for that exact situation and they didn’t seem to care and said it was per policy that they can’t accept the electronic signature.”

Because I know Bank of America, Wells Fargo, and Chase employ idiots, I give the


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In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports.
On Tuesday, December 3, 2024, in the case of Texas Top Cop Shop, Inc., et al. v. Garland, et al., No. 4:24-cv-00478 (E.D. Tex.), the U.S. District Court for the Eastern District of Texas, Sherman Division, issued an order granting a nationwide preliminary injunction. Texas Top Cop Shop is only one of several
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The U.S. Bureau of Labor Statistics published its Consumer Price Index report on September 11, 2024, that says Arizona’s mimimum wage effective January 1, 2025 will be $14.70 an hour. The 2024 minimum wage is $14.35 an hour.  The 35-cent minimum wage increase is directly tied to the latest CPI report, which showed a 2.5% increase in inflation from August 2023 to August 2024.
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A distribution from a limited liability company (LLC) is a payment of cash or property made by an LLC to the LLC’s owners, also known as members. Although state law sets forth certain default rules, LLC members can specify in the LLC’s operating agreement when and how profits are allocated, distributed, and taxed.
Distribution Method and Timing
Under the default rules provided by most state LLC statutes, an LLC is not required to make any distributions to members before they withdraw from the LLC or it is dissolved. It is prudent for LLC members to create an operating agreement that
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Question:  I am completing IRS Form W-9, Request for Taxpayer Identification Number and Certification.  Line 1 says “Name of entity/individual.”  I am completing the W-9 for my single-member LLC.  What do I put in line 1?
Answer:  For a sole proprietor or disregarded entity, enter the owner’s name on line 1, and enter the business/disregarded entity’s name on line 2.
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